7th September 2018
Police in Ireland have conducted raids across a number of properties as part of an investigation into a Nigerian gang suspected of laundering €14.6 million in criminal proceeds through Irish bank accounts. The police – or Garda – searched 15 premises across Dublin, Louth, Meath, Kildare and Laois, and… Read More
7th June 2018
AP — A former chief executive of the defunct Anglo-Irish Bank has been convicted of fraud for his role in inflating the lender’s balance sheet before it collapsed in the 2008 global financial crisis. David Drumm was convicted Wednesday of conspiring to inflate the bank’s deposit levels by 7.2… Read More
12th February 2018
AP – Iceland is expected to use more energy “mining” bitcoins and other virtual currencies this year than it uses to power its homes. With massive amounts of electricity needed to run the computers that create bitcoins, large virtual currency companies have established a base in the North Atlantic… Read More
28th November 2017
KYC360 News The Central Bank of Ireland has warned that firms using Ireland for ‘passporting’ into European Union financial markets will remain subject to Irish financial crime laws. The regulator made the remarks in a statement announcing its one million euro penalty for insurer Intesa Sanpaolo Life which… Read More
16th November 2017
By Helena Ciric, Iceland Review Around 60 cases against suspected tax evaders have been dropped by the district attorney’s office due to a break in case proceedings while waiting for a decision from the European Court of Human Rights. Kjarninn reported first. Many of the dropped cases are against individuals… Read More
6th November 2017
By Francesco Guarascio, REUTERS European Union states will on Tuesday discuss plans for a tax havens’ blacklist, officials said, in a bid to tackle offshore tax avoidance after leaked documents revealed investments by wealthy individuals and institutions around the globe. The subject’s inclusion on the monthly meeting’s agenda of EU… Read More
7th September 2017
Financial technology firm Fenergo is doubling its staff as banks sign up for its software to “onboard” clients and carry out compliance and due diligence more easily – further evidence of the technology shaking up capital markets. Dublin-based Fenergo is among several fintech firms targeting the “middle office,” where the… Read More
4th September 2017
Irish police have seized over €800,000 (£732,000), a car and documentation in an operation targeting organised crime. The money was discovered in a car stopped in Naas, County Kildare, by officers from the Drugs and Organised Crime Bureau on Friday night. Read More
22nd August 2017
Irish firms have taken ‘a big hit’ as a result of the ongoing tit-for-tat trade war between Russia and the European Union. A senior Irish trade envoy has described the outlook for Irish food exporters as ‘bleak’ after EU-US sanctions on Russia were recently extended until 2018. Read More
24th July 2017
Criminals belonging to a number of Dublin gangs are attempting to use the horse racing industry to move and launder money generated by weapons and drugs sales, the TheJournal.ie has learned. Over the last three months, officers for the Criminal Assets Bureau (CAB) acting on specific intelligence have launched investigations… Read More
Must Read

Iran courts jail 30 men for economic crimes after public outcry

Fast-track courts set up in Iran to fight economic crime have jailed 30 men for up to 20 years each, the judiciary said on Sunday, as the country faces renewed U.S. sanctions and a public outcry against profiteering and corruption. The new Islamic revolutionary courts — whose rulings cannot be… Read More

Police arrest over 200 fake-cash ‘customers’ after counterfeit money agent jailed

Law enforcement agencies across Europe have taken action against suspects who bought counterfeit euro banknotes on illegal platforms on the Darknet. In total, almost 300 house searches were conducted in 13 different countries and 235 suspects were detained. Law enforcement also seized around 1 500 counterfeit euro banknotes. Read More